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The Government of Argentina has launched the RenovAr Ronda 2 national auction, comprising 1,200 MW of renewable energy capacity.

The tender was announced in the Official Gazette of Argentina. Details on the source capacity delivery and maximum prices are set in the table below:

Source

Capacity expected

MWh

Wind

550 MW

US$ 56.25

Solar

450 MW

US$ 57.04

Biomass

100 MW

US$ 110

Biogas

35 MW

US$ 160

Biogas from landfills

15 MW

US$ 130

Small hydropower

50 MW

US$ 105

Authorities will offer incentives for biomass and biogas initiatives based on the scale of projects. Technical and economic offers are due October 19, with the winners of PPAs scheduled to be announced by November 29.

As we reported in early March, the World Bank approved a US$480 million guarantee to promote private investment in renewable energy projects under the RenovAr Program.

The RenovAr Program was implemented in 2016 through two tender rounds (known as Round 1 and Round 1.5) to award 59 projects. These projects will generate more than 2.4 GW and will be implemented throughout the country. Of the total, 27 projects requested the World Bank guarantee, including 12 wind projects (721 MW), 10 solar projects (306 MW), four small-scale hydro projects (4 MW) and one biogas project (1 MW).

In January, Argentina's Ministry of Mines and Energy signed the contracts with seven developers, for 315 MW of the 1,142 MW awarded in the first round of its renewable energy auction, RenovAr 1. The projects includeed five wind farms, one biomass and one biogas plants.